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Nikolas Nikolas
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A month ago
Which of the following statements is TRUE?

▸ Testing with data enables economists to distinguish between good models and bad models.

▸ Models help economists explain the past but do not help predict the future.

▸ The scientific method used by economists is based on idealism and not empiricism.

▸ Models that economists use are perfect replicas of reality.
Textbook 

Macroeconomics


Edition: 3rd
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Ludacris2065Ludacris2065
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A month ago
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Testing with data enables economists to distinguish between good models and bad models.

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Nikolas Author
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A month ago
Smart ... Thanks!
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
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